Patek Philippe - INTERSECT: Online Auction Hong Kong Monday, March 22, 2021 | Phillips

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    • Circa 2002

    • 42mm Diameter

    • Case, dial, movement, and clasp signed.

  • Manufacturer: Patek Philippe
    Year: Circa 2002
    Reference No: 5070G-001
    Movement No: 3'147'144
    Case No: 4'160'499
    Material: 18K white gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: Accompanied by Patek Philippe Extract Certificate of Origin dated 7th October 2002 stamped Tourneau Inc., leather folio, product literature, fitted presentation box and outer packaging. Further delivered with the Patek Philippe Extract from the Archives confirming manufacture of the present watch in 2002 and its subsequent sale on 30th May 2002.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first modern-era chronograph-only wristwatch released by the firm since the end of production for the reference 1463 in the 1960s. Introduced in 1998 at Baselworld, it was something of a shock to collectors that Patek would choose to reintroduce a chronograph model in such bold fashion – particularly with a 42mm case and a dramatically thick, stepped bezel. The reference 5070 enjoys a unique spot in Patek Philippe’s history as one of the largest watches it had produced and the last chronograph to use a modified, Lemania 2310-based ébauche before Patek Philippe switched to an in-house caliber with the introduction of the reference 5070.

    A worthy and highly anticipated successor to the classic reference 1463 chronograph, the 5070 would also feature a water-resistant case with a screw-down case back. Despite being the mechanical successor to the 1463, the reference 5070 inherited the design of the unique reference 2512 from 1950, an oversized split-seconds chronograph that now resides in the Patek Philippe Museum. The large Arabic numerals and stepped bezel specifically come directly from the 2512, as well as the square pushers. Despite the large size of the case, the relatively slim profile and downturned lugs lends the watch a sophisticated and comfortable presence on the wrist.

    In excellent condition, the present example fitted with a clean silver dial in 18 karat white gold is also charmed with its original Certificate of Origin, fitted presentation boxes.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Ref. 5070G-001
A very fine and attractive white gold chronograph wristwatch with Certificate of Origin and presentation box

Circa 2002
42mm Diameter
Case, dial, movement, and clasp signed.

HK$260,000 - 500,000 

Sold for HK$478,800

Contact Specialist

Hin Hin Wong

Associate Specialist, 20th Century & Contemporary Art, Hong Kong

+852 2318 2013


Thomas Perazzi

Head of Watches, Asia

+852 2318 2001


Charlene Lau

Head of Jewels, Hong Kong

+852 2318 2039


INTERSECT: Online Auction

Online Auction 23 - 30 March 2021